Sidoti Csr Weighs in on ACCO Brands' Q1 Earnings (NYSE:ACCO)

ACCO Brands Co. (NYSE:ACCO - Free Report) - Sidoti Csr cut their Q1 2025 earnings per share estimates for ACCO Brands in a report issued on Monday, November 4th. Sidoti Csr analyst G. Burns now forecasts that the industrial products company will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.11. The consensus estimate for ACCO Brands' current full-year earnings is $1.04 per share.

ACCO Brands (NYSE:ACCO - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $0.23 earnings per share for the quarter, hitting analysts' consensus estimates of $0.23. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 13.77%. The business had revenue of $420.90 million for the quarter, compared to analysts' expectations of $418.20 million. During the same period in the prior year, the company posted $0.24 EPS. The business's revenue for the quarter was down 6.0% on a year-over-year basis.

Several other research firms also recently weighed in on ACCO. Barrington Research reaffirmed an "outperform" rating and issued a $7.00 price objective on shares of ACCO Brands in a research note on Wednesday, September 4th. StockNews.com raised ACCO Brands from a "hold" rating to a "buy" rating in a research note on Saturday, August 10th.

ACCO Brands Price Performance

ACCO Brands stock traded up $0.25 during mid-day trading on Wednesday, reaching $6.06. The company had a trading volume of 983,661 shares, compared to its average volume of 626,038. The stock's 50-day simple moving average is $5.25 and its 200-day simple moving average is $5.03. The company has a market capitalization of $580.54 million, a P/E ratio of -3.08, a P/E/G ratio of 0.42 and a beta of 1.63. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.77 and a quick ratio of 1.09. ACCO Brands has a 1 year low of $4.36 and a 1 year high of $6.62.

ACCO Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 15th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Friday, November 15th. ACCO Brands's payout ratio is currently -15.87%.

Insider Buying and Selling at ACCO Brands

In related news, SVP Pamela R. Schneider sold 19,166 shares of the business's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $5.47, for a total value of $104,838.02. Following the completion of the transaction, the senior vice president now owns 243,899 shares of the company's stock, valued at approximately $1,334,127.53. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ACCO. Capital Management Corp VA increased its stake in ACCO Brands by 286.7% in the first quarter. Capital Management Corp VA now owns 2,430,785 shares of the industrial products company's stock valued at $13,637,000 after purchasing an additional 1,802,250 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of ACCO Brands during the 2nd quarter valued at about $4,588,000. Millennium Management LLC lifted its holdings in shares of ACCO Brands by 116.1% during the 2nd quarter. Millennium Management LLC now owns 1,173,755 shares of the industrial products company's stock worth $5,517,000 after acquiring an additional 630,663 shares during the period. American Century Companies Inc. grew its holdings in ACCO Brands by 113.0% in the second quarter. American Century Companies Inc. now owns 1,063,997 shares of the industrial products company's stock valued at $5,001,000 after purchasing an additional 564,406 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in ACCO Brands by 160.6% in the second quarter. Assenagon Asset Management S.A. now owns 819,268 shares of the industrial products company's stock valued at $3,851,000 after purchasing an additional 504,876 shares during the period. 84.56% of the stock is currently owned by institutional investors and hedge funds.

About ACCO Brands

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.